Orbitex Launches New Alternative Investment Sub

June 3, 2002 (PLANSPONSOR.com) - In an effort to beef up its alternative investment lineup for US and overseas investors, the Orbitex Financial Services Group has formed a new subsidiary to concentrate on that area.

Orbitex Alternative Strategies, Inc. (OASI) will provide another option to investors jittery about uncertainties in many world markets, Orbitex officials said.

“Alternative investment products are typically designed to deliver a predictable rate of return in good markets or bad,” explained David A. Kugler, managing director of OASI.

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Recent OASI introductions have included approximately $100 million in alternative products in Europe and the Middle East, the company said.

Orbitex Financial Services Group, established in 1995, is a global financial services organization with over $12 billion in assets under management and administration. It has offices in Moscow, Zurich and Dubai.